I did a little test video to see what I could learn about the assumption of the speedo being 5 mph off. I found one of those Police Radar things and did 2 passes. This is not the most technical experiment, and when I call out the speed and looked at the radar I accidentally decreased my speed.... so, from the results that I got, I have no reason to believe that the speedo is 5 mph off.
http://www.dfalsetti.com/videos/radarspeed.avi
http://www.dfalsetti.com/videos/radarspeed.avi